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STATEMENT OF INCOME & EXPENSE
Year Ended December 31, 2011
| Assets | Current Year | Previous Year |
| Loans | 319,128,583.09 | 329,487,637.48 |
| Allowance for Loan Loss | (5,602,962.76) | (5,134,585.63) |
| Cash | 2,266,573.92 | 2,703,773.43 |
| Investments Held-to-Maturity | 87,554,595.90 | 51,433,564.09 |
| Investments Available-for-Sale | 5,058,758.33 | 157,693.72 |
| Prepaid Assets | 3,119,523.08 | 2,721,302.78 |
| Furniture & Equipment (Net) | 1,453,498.83 | 1,619,853.67 |
| Leasehold Improvements (Net) | 15,623,351.37 | 14,245,194.11 |
| Other Assets | 5,931,027.05 | 5,981,828.01 |
| Total Assets | $434,532,948.81 | $403,216,261.66 |
| Liabilities | ||
| Current Liabilities | 5,246,154.41 | 3,549,730.78 |
| Other Liabilities | 320,149.00 | 285,972.00 |
| Total Liabilities | $5,566,303.41 | $3,835,702.78 |
| Equity | ||
| Regular Shares | 90,670,438.18 | 83,155,586.72 |
| Share Draft | 31,328,076.16 | 28,287,066.61 |
| Special Shares | 194,770.85 | 190,549.04 |
| Christmas Accounts | 574,752.34 | 595,392.62 |
| Certificates | 226,956,881.55 | 211,711,785.31 |
| IRAs | 41,851,909.89 | 39,749,830.60 |
| Total Deposits | $391,576,828.97 | $363,690,210.90 |
| Regular Reserve | 9,611,403.79 | 9,611,403.79 |
| Special Reserve | 3,651,594.24 | 3,651,594.24 |
| Contingency Reserve | 1,783,812.96 | 1,783,812.96 |
| Pension Reserve | (2,011,986.00) | (2,695,063.00) |
| Undivided Earnings | 23,495,308.79 | 23,330,868.68 |
| Unrealized Gain/(Loss) | ||
| Available-for-Sale Securities | 4,083.56 | 7,731.31 |
| Held-to-Maturity Reclassification | 855,599.09 | 0.00 |
| Total Liabilities & Equity | $434,532,948.81 | $403,216,261.66 |